If accounts receivable has a beginning balance of $4,210 and an ending balance of $3,495,and collections on account were $9,600,how much were credit sales?
A)$8,885
B)$17,305
C)$10,315
D)$1,895

Question

Quizplus · Accepted Answer

Credit sales can be calculated using the formula: Beginning Balance + Credit Sales - Collections = Ending Balance. Plugging in the values: $4,210 + Credit Sales - $9,600 = $3,495. Solving for Credit Sales gives $8,885.

If Accounts Receivable Has a Beginning Balance of $4,210 and an Ending